Applied UV Inc’s stock soared significantly on Friday following the announcement by its management regarding the launch of the revolutionary Fighter Flex LED solution. This cutting-edge technology has the potential to revolutionize energy efficiency in heating, ventilation, and air conditioning (HVAC) systems, signaling a paradigm shift in the industry. Consequently, AUVI stock experienced a positive surge, reflecting the widespread implications for various sectors.
The stock of Applied UV witnessed a substantial increase, opening slightly higher at $2.83 on Friday compared to its closing value of $2.80 on Thursday. As the day progressed, the surge in stock value continued to grow significantly.
At the time of this publication, Applied UV Inc stock (AUVI) has witnessed a surge.
Applied UV Inc
Current Price: $4.18
Change : +1.90
Change (%): (83.33%)
Volume: 58.4M
Source: Tomorrow Events Market Data
In an official press release, Applied UV revealed its plans to showcase the Fighter Flex at the upcoming AHR Expo, a prominent HVAC industry event expected to draw over 50,000 attendees on January 22. Simultaneously, the company is in the final stages of negotiating distribution agreements with several major international smart building technology brands.
The Fighter Flex also earned recognition from authoritative bodies, with the General Services Administration (GSA) and the Department of Energy (DOE) selecting it for the GSA Green Proving Ground Program (GPG). This program, according to the government agency’s website, aims to foster sustainability through collaborative efforts.
Applied UV expressed satisfaction with the progress and the boost in credibility that the Fighter Flex has brought. CEO Max Munn conveyed the company’s enthusiasm, stating, “We are delighted about the immense potential with this opportunity. Given the disruptive technology in our patented Fighter Flex LED products, we are confident in our ability to capture a significant share of this market. We believe this market holds an annual sales opportunity in the hundreds of millions of dollars.”
This positive development comes at a crucial time for Applied UV, as the company’s stock navigates a path of momentum after a challenging period following early summer 2021. The innovative Fighter Flex LED solution appears to be a key driver for the company’s resurgence, offering a glimpse into a future where smart building technology plays a pivotal role in enhancing energy efficiency across various industries. As Applied UV prepares to showcase its groundbreaking technology at the AHR Expo, anticipation builds for the potential widespread adoption of the Fighter Flex and its impact on the smart building technology landscape.
